Hilton Grand Vacations Inc.

Hilton Grand Vacations Inc. Earnings Recaps

HGV Consumer Discretionary 1 recap
Q3 2025 Oct 31, 2025

Hilton Grand Vacations delivered a robust 17% increase in contract sales year-over-year, resulting in a record quarterly revenue of $907 million and a near double-digit EBITDA growth, showcasing strong operational execution amid a stable travel environment.

Key takeaways
  • Adjusted EBITDA reached $302 million, with impressive margins of 24% excluding reimbursements.
  • Consolidated tour growth of 2% is indicative of successful strategies in both owner and new buyer channels.
  • The active member base expanded significantly with 70,000 additions to the HGV Max program, signaling strong engagement.
  • Share repurchases totaled 3.3 million shares at $150 million, reinforcing a commitment to return $600 million to shareholders.
  • Momentum is expected to continue into Q4, with guidance for high single-digit contract sales growth remaining intact.